The Secondary
Marketing Lock Desk and Analytics Specialist will be responsible for the
day-to-day duties of the rate lock desk and periodic analytical reports as a
part of the mortgage department. Primary responsibilities are:
* Reviewing,
processing, locking, extending, and revising mortgage loan rate lock requests,
and
* Developing
and generating mortgage department analytics to be shared with senior
executives of the Bank, and
* Performing
ad hoc duties assigned while maintaining a customer service focus in an
extremely fast, multi-tasking, and deadline-driven environment.
Essential Duties and
Responsibilities (Other duties may be assigned.)
* Lock, update, and
extend loans in investors' websites, the mortgage pricing engine, and the loan
origination system (LOS)
* Maintain the
pricing engine with desired investors, products, and gain-on-sale margin.
* Ensure that
secondary marketing locks submitted by loan officers meet the Mortgage
Department's required profit margin.
* Ensure that
revisions to loans are re-priced to meet margin by monitoring pricing and
appraisal alerts in the LOS. Notify the Disclosure Desk and Loan Officer of
revised pricing.
* Record pricing
exceptions and revenue leaks including extension fees and secondary marketing
operating errors, in the appropriate logs. Ensure that pricing exceptions have
been approved per Mortgage Policy
* Process investor
purchase advices ensuring accuracy. Upload and input data into LOS and into
Gain on Sale log.
* Write and maintain
job duty procedures.
* Support Loan
Officers with pricing scenarios and questions.
* Transfer
purchased loans in MERS and assist supervisor with quarterly reconciliation
reviews between the servicing and MERS systems.
* Perform SOX
reviews ensuring that new borrower data input into the servicing system is
accurate. Document review in ImageCentre.
* Develop and
generate extensive reporting and analytics for the mortgage department to be
shared with executive leadership and the Bank's Board of Directors.
* Bachelor's degree in business or related field and 3-5
years of mortgage banking experience, or an equivalent combination of education
and experience.
* Knowledge of rate desk workflow and lock related
systems.
* Intermediate to advanced knowledge of Microsoft Excel
* Effective oral and written communication skills.
* Ability to compute basic to moderately complex math
calculations.
* Proficiency in using personal computers and office products (e.g.,
Word, Excel, PowerPoint).
* Ability to multi-task.
* Experience using Encompass and Optimal Blue preferred.
First Community Bank
Jan 16, 2025